What is an LLC?

Find the right LLC attorney in Mount Pleasant, SC

The Limited Liability Company, or LLC, is a legal business structure that seeks to combine advantages from across several other traditional business forms. Like a sole proprietorship or partnership, an LLC is not taxed as its own entity. However, it still has the benefit of limited liability, the same as a corporation. Like a corporation, a LLC can have unlimited shareholders, called members. But a main difference is if one of these shareholders dies or files for bankruptcy, the LLC is dissolved and will stop operations unless the remaining members form a new LLC. Business forms with limited liability have existed for hundreds of years, but the modern LLC became more popular in South Carolina since the legislature enacted laws authorizing its creation.

Can My Business Be Formed as an LLC?

A business in South Carolina can be organized using the form that it chooses. If the founders want to organize as an LLC, all that is necessary is filing the appropriate form with the Secretary of State. However, fees are regularly required to form a LLC. The actions of LLC's as well as the costs for operating them are determined by South Carolina law. You should consider these laws when deciding whether to organize your business as an LLC. Finding the right business structure for your company might take some effort, but it will ultimately make your business more profitable.

Can I Change the Form of My Business to an LLC?

Changing business forms in Mount Pleasant can be done if a company's situation meets specific conditions. Conversion to a LLC is possible if South Carolina law permits it in your situation.

How Can an Attorney Help?

A lawyer versed in South Carolina business law will be able to advise you of the advantages and costs for forming and maintaining a LLC.

Talk to a Business Law Attorney now!

Life in Mount Pleasant

Mount Pleasant is a city located in South Carolina. Some history on this charming city is that over three hundred years ago, it was home to the homes of the first Europeans. Since then, Mount Pleasant has developed into a wonderful city for families to live in, and local businesses to establish themselves.

Popular attractions to visit include the Patriots Point Naval Maritime Museum, Boone Hall Plantation, the Charlestown National Golf Club, Charleston Harbor and Water Taxi, Mount Pleasant Waterfront Park, Pitt Street Bridge, and Cinebarre.

Mount Pleasant is also home to experienced attorneys who have established themselves in various areas of law. These attorneys run successful legal practices and ensure the best legal services to their clients.

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